Category: FINANCE

and trade finance banks in Hong Kong have developed a distributed ledger technology (DLT) proof of concept (PoC) for trade finance. Industry participants include Bank of China (Hong Kong), the Bank of East Asia, Hang Seng Bank, HSBC and Standard Chartered ... ( read original story ...)

Guotai Junan Securities has received a relatively cautious response from retail bidders for its HK$16.47 billion initial public offering, the biggest one in Hong Kong this year. Analysts said investors are wary of Chinese brokerages as the industry is ... ( read original story ...)

This version of the 2016 Annual Report will be replaced by the printed version available around mid April 2017. BOC Hong Kong (Holdings) Limited ("the Company") was incorporated in Hong Kong on 12 September 2001 to hold the entire equity interest of Bank ... ( read original story ...)

China Petroleum & Chemical Corp. is considering a dual listing for its retail business, which could take place next year, according to people with knowledge of the matter. The world’s biggest oil refiner, known as Sinopec, is mulling a plan to sell ... ( read original story ...)

The Hong Kong Monetary Authority (HKMA), consulting firm Deloitte, and leading trade finance banks in Hong Kong have developed a distributed ledger technology (DLT) proof of concept for Trade Finance. Industry participants include Bank of China (Hong Kong ... ( read original story ...)

Everyone knows that Hong Kong is the vibrant financial hub of Asia and that Taiwan leads the world with delicious rice noodles and the best cycling environment. But did you know that both destinations offer amazing scenery, trails, and golden beaches along ... ( read original story ...)

Hong Kong appears set to burnish its credentials as a global trading hub, with its development of a proof-of-concept distributed ledger platform for trade finance using Blockchain technology. The Hong Kong Monetary Authority (HKMA) led this initiative ... ( read original story ...)

A group of six banks and a global auditing firm have completed a new blockchain trade finance test focused on the Hong Kong market. Revealed today, the group includes participation from the Hong Kong Monetary Authority (the region's de facto central bank ... ( read original story ...)

HONG KONG BOC Aviation Ltd said on Friday it bought two Boeing 747-8 freighter aircraft for an aggregate list price of $758.2 million, as the aircraft lessor aims to build its balance sheet by investing in modern and in-demand aircraft. BOC Aviation said ... ( read original story ...)

The Hang Seng Index slipped amid fluctuating trade ... a 0.4 per cent rise in profit to 278.2 billion yuan after the Hong Kong market closed on Thursday. Another heavyweight Chinese lender Bank of Communications slipped 0.5 per cent to close at HK$6.06. ( read original story ...)

SHANGHAI, March 30 (Reuters) - Hong Kong stocks fell on Thursday, weighed by financials and index heavyweight Tencent, with weakness in mainland stocks also hurting sentiment. The benchmark Hang Seng index dropped 0.4 percent to 24,301.09 points, while the ... ( read original story ...)

Hong Kong stocks closed flat on Wednesday while mainland China shares extended their losing streak for the third day. The Hang Seng Index edged up 0.2 per ... and 1.6 per cent respectively. Agricultural Bank of China and Bank of Communications closed ... ( read original story ...)

Hong Kong stocks erased opening gains and edged lower in Thursday’s early trading, after US markets closed mixed overnight in the wake of hawkish comments from Federal Reserve speakers. The Hang Seng Index ... car maker Tesla. Bank of China dropped ... ( read original story ...)

Employment opportunities at Hong Kong’s top five banks—Bank of China, Bank of East Asia, Hang Seng Bank, HSBC, and Standard Chartered—surged 43% over the past year, according to recruiters. The de facto ‘big five’ banks collectively advertised ... ( read original story ...)